1. The following information applies to the next three questions (which is from the previous question). Citi Bank believes the Singapore will appreciate over the next six days from $.71 to $.77. The following annual interest rates apply:

   Currency	Lending Rate	Borrowing Rate
   U.S. Dollar ($)	5.00%	6.00%
   Singapore dollar (S$)	4.85%	5.50%

   Citi Bank has the capacity to borrow either S$20 million or $10 million. Assume 360 days in a year for simplicity and set your decimal to at least 6 places. If Citibank invest the total amount in S$ at the lending rate for the next 6 days, what is the total amount received at the end of the six days (in S$)?

   		S$14,084,507.04
   		S$14,097,417.84
   		S$14,198,356.81
   		S$14,098,591.55